BusinessWeek Mindanao (April 4-5, 2022)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 125

Market Indicators AS OF 6:00 PM APRIL 1, 2022 (FRIDAY)

FOREX US$1 = P51.74

PHISIX 7,203.47

X X Briefly

0.27

36.45

cents

points

Mindanao coffee DAVAO City – The Department of Agriculture-Philippine Rural Development Project (DAPRDP) reiterated Friday its continuing support for the “Up the Mindanao Cup” initiative through enterprise subprojects and technical support for coffee production and marketing in the island region. This came about as farmers from the provinces of Davao del Sur, Sultan Kudarat, and Bukidnon gained recognition and awards as among the best coffee producers in the country recently at the Philippine Coffee Quality Competition 2022. “They are the star of Mindanao’s coffee. Mindanao coffee farmers continue to have high hopes that soon their beans will eventually reach the international market,” DA-PRDP said in a statement.

Food security SEVERAL senatorial candidates in the May 9 elections have offered perspectives on how the Northern Mindanao region–and Mindanao as a whole–can move forward in terms of food security and the agriculture industry in general. In an interview Thursday evening, senate aspirant Herbert Bautista said he saw two aspects that can be prioritized: invest more in the agriculture sector and empower cooperatives. "As what BBM (Ferdinand "Bongbong" Marcos, Jr.) and Inday Sara (Duterte-Carpio) said, the agriculture sector can provide 30 to 40 percent jobs (in the national labor industry), that is why investing in agriculture is important," Bautista said.

Micro-farm upgrade THE University of Science and Technology of Southern Philippines (USTP) on Wednesday proposed P1.2million worth of funding as an upgrade to its existing Urban Community MicroFarm (UCM) project. In an interview, Angeli Collera, head of USTP's Center for Human Development (CHD), said the proposal targets to improve the current UCM setup of vegetable or crop grow houses with a hybrid water supply system for hydroponics, the art of gardening without soil. Collera said the proposal was tackled last year with the Department of Science and Technology's (DOST) nonresearch and development projects division.

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MSMEs in regions need to recover after Covid www.businessweekmindanao.com

Mon-Tue|April 4-5, 2022

By FRENCIE CARREON MindaNews

Z

AMBOANGA City -- Micro, small and medium enterprises (MSME s) a l l over the country need to bounce back to fast-track every region’s economic recovery, according to the regional governor of the Philippine Chamber of Commerce and Industry (PCCI). “We are aiming to bounce back and fast-track our economic recovery here in Zamboanga Peninsula as we go through the adverse effects of the pandemic in the past two years, and even up to now,” said Pedro Rufo “Pocholo” Soliven, head of PCCI-ZamPen. This, following the recent second general membership meeting of PCCI-Mindanao RECOVER/PAGE 10

CANDYMAN. A cotton candy vendor makes use of the chance to earn more during the rally of the UniTeam in Malaybalay City on Thursday, 31 March 2022. mindanews photo by h . marcos c . mordeno

Isko vows to address high cost of power in Mindanao By MARIVIC OMANDAM DAVIS, MindaNews

ILIGAN City – Presidential candidate Francisco “Isko” More n o D om ago s o, i n his campaign sortie here Wednesday, said he would address the issue of high electricity cost in Mindanao despite the presence of several hydroelectric plants. He also promised to look into Iligan’s perennial problem of potable water, saying “your water is false.” Ab out 2 , 0 0 0 p e opl e listened to his speech at the city public plaza. Before that, Domagoso and Dr. Willie Ong, his

running mate in the Aksyon Demokratiko party, and supporters staged a motorcade of 200 cars around the city’s major thoroughfares. With them were senatorial candidates lawyer Jopet Sison, Carl Balita, Samira Gutoc and John Castriciones. Domagoso said that if change is possible in Manila, where he is mayor, it is also possible in the country as a whole. “I’ve seen it sa pag ikotikot namin ni Doc Willie sa iba’t-ibang bahagi ng Mindanao. Sad to say na it’s

ironic, you have your own electricity but it’s almost the same cost sa Metro Manila,” he said, referring to Mindanao’s several hydroelectric plants. Earlier this month, the Mindanao Development Agency (MinDA) reported that majority of the island’s electricity now come from fuel sources, particularly diesel and coal. MinDA Assistant Secretary Romeo Montenegro said these are easily affected by external factors such as market volatility, especially with the war in Ukraine, and fluctuation in foreign exchange. VOWS/PAGE 10

Presidential candidate Francisco “Isko” Moreno Domagoso campaigning at the public plaza in Iligan City. mindanews photo by marivic omandam mavis

Housing readied for families along rail lines in Mindanao A RESETTLEMENT AREA for families affected by the Mindanao Railway Project in Tagum City, Davao del Norte has been offered to bidders, the Department of Transportation (DoTr) said. The project is funded by the National Government through the DoTr. The Tagum City government, the procuring entity for the project, invited interested bidders or suppliers to bid

for the P114.48-million design and build contract. The deadline to submit bids was March 29, according to the invitation to bid posted on the Philippine Government Electronic Procurement System. The housing project will be known as Tagumpay Train Village and will consist of 62 quadruplex housing units for families affected by the HOUSING/PAGE 11

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